Telecom shares rallied on hopes that they would hike tariffs after huge investments to acquire spectrum.
Sustained FII inflows and fresh spell of buying by domestic institutional investors fuelled the rally
Construction major L&T was the biggest gainer among the Sensex components, spurting 2.30 per cent, after the company said its board has approved a Rs 9,000-crore share buyback plan.
Investor sentiments remained upbeat tracking global developments as the US, China geared up for trade talks due this week.
Investors booked profits in range-bound trade, led by PSU, oil & gas, energy, infrastructure, telecom, realty, healthcare, bankex, FMCG, capital goods and power counters.
On the last day of FY!5, the Sensex ended lower by 18.37 points at 27,957.49.
India Inc is ready to diversify into unchartered areas.
S&P upgraded India's credit outlook to 'stable' from 'negative' earlier.
Most of the index heavyweights are yet to declare their results.
However, IT stocks fell on weak growth forecast by Gartner
Markets ended their lowest close in 2015 on fears of FII outflows as the US Fed may hike rates.
Sun Pharma dipped 2% to Rs 615 on the BSE, its lowest level since November 9, 2016
The 30-share Sensex ended down 66 points at 28,438 and the Nifty ended down 15 points at 8,633.
The broader markets, however, outperformed their larger peers.
Profit taking in index heavweights RIL and HDFC weighed on sentiment while ICICI Bank surged 7%.
Financials and auto stocks were the top losers while energy and IT shares recovered
BSE Midcap and Smallcap indices ended in line with their larger counterparts and closed marginally up 0.2% and 0.4%, each
Indian CEOs might like to make some serious course correction.
The BSE Mid-Cap index was currently down 1.25%
The Nifty50 slipped 33 points to close the session at 8,509 after hitting an intra-day high of 8,587.
Since we are at the start of the month and the quarter, we shall look at the broader picture for the markets.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Investor sentiment got a boost following remarks from the Russian President Putin that allayed fears of an imminent military conflict in Ukraine
Positive cues from Asian peers also uplifted the sentiment.
Reliance improved its ranking this year to 121 from 142 last year, with a market value of $50.6 billion and assets worth $91.5 billion.
Markets surged in late trades to snap five-day losing streak led by bank shares.
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
Rebound in IT majors TCS and Infosys in late trades helped markets end higher.
The 30-share Sensex was up 188 points at 28,415 and the 50-share Nifty was up 58 points at 8,584.
The Indian rupee also trimmed most of its early gains and was trading at Rs 61.28 compared to its Wednesday's close of Rs 61.31 to the US dollar.
The markets had been on an upward trajectory since August 2013.
Thinning valuation gap between these and mid-caps indicates a shift in investors' preferences.
A mixed global trend and weakness in rupee influenced the sentiments during the day.
The broader markets, however, outperformed the benchmark indices -- BSE Midcap and Smallcap indices ended up 0.6%-1%.
While gold returned 12 per cent annual gain in 10 years, Nifty didn't exceed 9 per cent.
In the broader markets, BSE Midcap index slipped 0.3% whereas the BSE Smallcap index inched up by 0.2%
The broader markets ended mixed with mid-caps gaining 0.1 per cent and small-caps falling 0.1 per cent on the BSE.
Bank shares were the top losers after sharp gains last week.
The benchmark Nifty rallied 1,000 points or 17% from 7,000 in 78 trading sessions since May 12, till date to surpass the 8,000 mark.
Banks stocks continued to trade weak along with FMCG major ITC.
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